Paraguay coach Gerardo Martino has resigned following his team's elimination from the World Cup.

Martino's men made it to the quarter-finals before losing 1-0 to Spain thanks to a late David Villa strike.

"My four years are over," Martino said on US television network Fox Sports. "But I will stay around to help find a successor."

Paraguay finished top of Group F, which also contained Slovakia, New Zealand and Italy and beat Japan in the first knockout round on a penalty shoot-out.

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